Journal article
Response to the FASB Exposure Draft "Accounting by Creditors for Impairment of a Loan - Income Recognition"
Accounting horizons, Vol.9(1), pp.96-98
03/01/1995
Abstract
The response of the American Accounting Association's Financial Accounting Standards Committee to the FASB Exposure Draft on Accounting for Creditors for Impairment of a Loan - Income Recognition is presented. The Committee is unaware of any practical implementation issues that should delay the implementation date of SFAS 114. However, the Committee believes that the concept of revenue recognition and recognition of bad debt expense in paragraphs 17-19 of SFAS 114 does not capture appropriately the periodic revenue and expense recognition for loans.
Details
- Title: Subtitle
- Response to the FASB Exposure Draft "Accounting by Creditors for Impairment of a Loan - Income Recognition"
- Creators
- Mary E BarthDaniel W CollinsG Michael CroochJohn A ElliottThomas J FreckaEugene A Imhoff JrWayne R LandsmanRay G Stephens
- Resource Type
- Journal article
- Publication Details
- Accounting horizons, Vol.9(1), pp.96-98
- ISSN
- 0888-7993
- eISSN
- 1558-7975
- Publisher
- American Accounting Association
- Language
- English
- Date published
- 03/01/1995
- Academic Unit
- Accounting
- Record Identifier
- 9984963124902771
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